Recommended Books on Wealth
Knowledge is Power
The books I will include here will be some bestselling books on success, wealth, entrepreneurship and finance whilst also including books I enjoy and believe have helped me. If you need to get out of debt, these books may also be of use to you. If you would like to buy any of the mentioned books, you can do so by clicking the title or the image and it will take you straight to Amazon.
Napoleon Hill’s classic bestseller is one of the most well-known books on success and gaining riches. A lot of people, including myself, say that this is one of the most influential books to read on wealth.
Within this book, Hill goes through the 13 principles outlined by one of the most successful entrepreneurs of all time, Andrew Carnegie. After 20 years of research, Hill explains how over 500 of the most successful people in the USA also adopt the same or similar philosophies to achieve their success. Wealth is a mindset.
Tony Robbins book outlines the in’s and out of investing whilst including interviews from some of the world’s best investors. The book covers some of the things you may have read in other finance books before, but it also discusses the myths of the market and advisor fees.
This is a great book for anyone who wants to understand investment opportunities within the stock market.
Dave Ramsey’s New York Times Bestseller covers a step-by-step formula on getting out of debt. He suggests this his system is completely fail-safe when done correctly. In this book he says that people should start by paying their smallest debt off before moving onto their next debt and should NEVER get another loan other than a mortgage. He gives you simple, easy to follow steps. His steps help you realise what you have been doing wrong with your money and how to be financially fit. It’s not a get rich quick type of book and is a must read if you are having financial problems.
In Robert Kiyosaki’s bestselling book, he tells you the story about two dad’s with different attitudes about money. He tells us about his actual father who was an employee doctor living from paycheck to paycheck, who believed in careers and working for a living (poor dad), and also tells us about his friend’s father who owned a sugar plantation farm. This book explains in a simple way the story of the two different mindsets of an employee and a business owner. It goes on to layout the difference between assets and liabilities and how the different classes view them. This book is a must for the absolute beginner who wishes to know more about wealth management.
Eric Reis co-founded a social network called IMVU. Within this book he goes through the problems he and his team encountered on their journey of entrepreneurship. He tries to summarise certain aspects of his journey in business which did not go as planned so that the reading entrepreneurs do not make the same mistakes he and his team did. He also examines the problems other companies had to deal with on their road to starting up. This is a fantastic book for anyone on the road to starting their own business or wondering how to deal with the challenges they face in entrepreneurship.
Humans are creatures of habit and therefore every single action we perform on a day to day basis is usually performed due to a habitual process. In this book, Stephen R. Covey outlines the 7 habits that successful and wealthy people all seem to have. It is a great book for learning how to be more effective in one’s personal and professional life. The book suggests that a proactive attitude benefits you and it is sad and wasteful to walk through life allowing things to ruin your day -things don’t ruin your day. YOU ruin your day and you are always in control.
This book by Timothy Ferriss has acquired a bit of criticism because of its general attitude towards making money. However, I believe this book offers much in terms of knowledge in areas such as passive income (if you would like to learn more about passive income, I have an explanation here). Tim tells you how he went from earning $40,000 a year working 80 hours per week to earning the same amount PER MONTH with only 4 hours per week. This does not mean you will be able to do the same – it does mean, however, that something similar can be achieved. Wealth is just a mindset!
More Books on Wealth
The books mentioned above are some of my favourite books on wealth, success, entrepreneurship and finance. Other notable titles worth a mention are:
- Secrets of a Millionaire Mind – T. Harv Eker
- The Richest Man in Babylon – George S. Clason
- Doing The Impossible – Patrick Bet David
- Unshakeable – Tony Robbins
- I Will Teach You To Be Rich – Ramit Sethi
The more you learn, the more you earn. If you know how to do something before you do it, you’ve got more information on the guy who’s tried it 1000 times and still not found the right method.